Rent vs Buy in Santa Ana, CA
Monthly cost of renting vs owning a median-priced home · 30-yr fixed, 20% down
Renting looks favorable in Santa Ana, CA
Price-to-rent ratio is 25.0 (under 15 favors buying, over 21 favors renting). Renting costs $2,903/mo; owning runs about $6,491/mo — $3,588/mo more to own.
| Monthly cost to own | Amount |
|---|---|
| Mortgage (P&I, 6.95% rate) | $4,607 |
| Property tax | $797 |
| Home insurance | $362 |
| Maintenance | $725 |
| Total to own | $6,491 |
| Average 2BR rent | $2,903 |
Based on a median home value of $869,908 with a $173,982 down payment. Owning also builds equity over time, which a monthly comparison doesn't capture. Estimates use national averages for taxes, insurance and maintenance — your actual costs will vary.